Aig coo zaffino expects 'some modest sales' for q3 travel insurance business -conf call

Ceo brian duperreault says covid losses for first half of year total $730 million - conf call.ceo duperreault says aig continues to view covid as an "earnings event, not a capital event" - conf call.president & coo peter zaffino says covid impacted a larger number of insurance lines in q2 than in q1 - conf call.coo zaffino says lines affected by covid include travel, contingency, property, trade credit, marine, casualty, workers' comp, accident & health, financial lines, and validus re.coo zaffino says insurer expects to recover under international catastrophe reinsurance based on current expectations of q2 covid-related losses - conf call.ceo of life & retirement kevin hogan says expects plus or minus 1% change in equity market returns to increase or decrease adjusted pretax income by approximately $40 million to $50 million annually - conf call.ceo of life & retirement kevin hogan says company has seen a strong rebound in sales as of today compared to june - conf call.coo zaffino says expects "some modest sales" for q3 travel insurance business, probably about 1/3 of what run rate would be - conf call.coo zaffino says expects a "rebase" in terms of how aig prices its travel insurance business - conf call.
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